Central Banks Headlines

  • BoJ Briefs Reuters: We'll Let 10-Year Yield Rise Above Zero Percent Target Around 1Q 2018

    It looks like BoJ Governor, Haruhiko Kuroda’s, minions are getting out and about to brief the financial news services that the biggest stimulator of all the central banks might reduce stimulus earlier than expected. The recipient of the unofficial briefings by BoJ officials is Reuters, which has this to say. The Bank of Japan is dropping subtle, yet intentional, hints that it could edge away from crisis-mode stimulus earlier than expected, through a future hike in its yield target, according to...

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  • The Silence Of The Bears

    Authored by Sven Henrich via NorthmanTrader.com, The silence of the bears is deafening. And who can blame them? The last 2 years have been absolutely brutal for any fans of price discovery, volatility and anything analytical mattering. Nothing matters. Be it divergences, valuations, earnings misses, slowing data, yield curve, equal weight, internals, catastrophes in nature, slowing loan growth, slowing auto sales, slowing real estate, retail apocalypse, debt levels, etc…I can drone on. Nothing...

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  • JPMorgan: Every Investor Class Is Now All-In Stocks

    A funny thing happened as the so-called experts were looking for signs of retail euphoria (and repeatedly were unable to find it): everyone got all-in equities... and not just retail investors and US households, but mutual funds, hedge funds, pensions, systematic, and sovereign wealth funds. As JPMorgan calculated when looking at the equity positioning of the main types of investors, "allocations are near historical highs, not leaving much room for further increases." How historic?...

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  • Fed policymakers say rate increase likely warranted soon: minutes

    WASHINGTON, Nov 22 (Reuters) - Many Federal Reserve policymakers expect that interest rates will have to be raised in the "near term," according to the minutes of the U.S. central bank's last policy meeting released on Wednesday.

    www.reuters.com
  • Why Rule of Law is the Most Important Product

    Via The Daily Bell Every once in a while a technology comes along that upsets an entire industry. Digital cameras put Kodak out of business. The giant of the photography industry had the opportunity to adopt the technology early. But their profits depended on selling film more than selling cameras. And this is not a new phenomenon. When the printing press was invented in the 15th century, it revolutionized education for everyday people. The cost to create books plummeted. Knowledge became widely...

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  • FOMC Minutes Preview: Beware A Dovish Surprise By A "Very Uncertain" Yellen

    The minutes for the FOMC’s Oct/Nov meeting will be released at 2pm today, and are expected to be uneventful, just like the Fed meeting during which the central bank held rates between 1.00% and 1.25% in a unanimous vote, as expected, and where the only notable tweak was the small upgrade in the language used to describe the US economy, which is now seen to be expanding at a “solid rate” (versus “rising moderately” before), despite the disruptions caused by the recent hurricanes. This implicit...

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  • Deutsche Bank strategist tells investors to avoid bitcoin

    FRANKFURT (Reuters) - Deutsche Bank has joined the ranks of those warning about the virtual currency bitcoin as an investment.

    www.reuters.com
  • Positive Feedback Loops, Financial Instability, & The Blind Spot Of Policymakers

    Authored by Francesco Filia of Fasanara Capital, “Learn how to see. Realize that everything connects to everything else.” – Leonardo da Vinci A Dangerous Market Structure is More Worrying than Expensive Asset Valuations and Record Debt Levels Macro-prudential regulations follow financial crises, rarely do they precede one. Even when evidence is abundant of systemic risks building up, as is today, regulators and policymakers have a marked tendency to turn an institutional blind eye, hoping for...

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  • David Stockman Exposes "The Illusion Of Growth"

    Authored by David Stockman via The Daily Reckoning, The Wall Street Journal published a superb example of hopium recently in a sunny-side-up story entitled “U. S. Manufacturing Rides Rising Tide, Buoyed by Global Growth, Optimism.” Indeed, this lazy cheerleading excuse for journalism captured the sum and substance of why the punters keep buying the dips despite troubles gathering all around. That is, as the tax bill falters, the crusade to remove the Donald from office gathers strength, the Fed...

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  • Geopolitical Risk Highest “In Four Decades” – Gold Demand in Germany and Globally to Remain Robust

    Geopolitical risk highest "in four decades" should push gold higher - Citi - Elections, political and macroeconomic crises and war lead to gold investment- Political uncertainty in Germany means "gold likely to remain in good demand as a safe haven" say Commerzbank-  “There has rarely been such political uncertainty in Germany at any time in the country’s post-war history” - Commerzbank- Reduce counter party risk: own safe haven allocated and segregated gold Editor: Mark O'Byrne The...

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  • Digital currencies will not replace physical money soon: Bank of Japan official

    TOKYO (Reuters) - Financial technology is fast revolutionizing the banking industry but digital currencies will not replace physical money any time soon, a senior Bank of Japan (BOJ) official said on Wednesday.

    www.reuters.com
  • US Treasurys lower as FOMC minutes takes center stage

    U.S. government debt prices were lower on Wednesday, as investors turn their attention to the latest Fed minutes.

    CNBC
  • "Very Close To Irrational Exuberance": Asian Equities Break Above All-Time High As Hang Seng Clears 30,000

    Following the new all-time high in US equities, the MSCI Asia Pacific Index broke through its November 2007 peak to make an all-time high in Wednesday’s trading session. This was something we noted could happen yesterday in “SocGen: Asian Equities Are So Awesome, A China Minsky Moment Is ‘Manageable”. The dollar weakened slightly after outgoing Fed Chairman, Janet Yellen, cautioned against interest rates rising too quickly in one of her last Q&As at NYU on Tuesday evening. The MSCI Emerging...

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  • China clamps down on online micro lending; U.S.-listed shares plunge

    BEIJING (Reuters) - China took steps to rein in the rapidly growing and lightly regulated market for online micro-lenders in the government's latest crackdown on internet finance, sending shares of U.S.-listed Chinese financial firms into a tailspin.

    in.reuters.com
  • China is pumping a lot of cash into its economy to calm investors

    China has been injecting a lot of cash into its market, as Beijing walks a line between curbing debt and keeping the economy stable.

    CNBC
  • Stockman On America's Fiscal Sundown, Part 1

    Authored by David Stockman via Contra Corner blog, The Senate Finance Committee tax bill is not supply side and it's not even a tax cut; it's a gimmick-ridden policy mongrel that smells to high heaven of political desperation and cynicism. Contrary to the Donald's delusional promise that the American people will get some tax cut sugar plums for Christmas, we are reasonably confident that this misbegotten exercise in reverse-robin hood economics won't reach his desk. But whether it passes in some...

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  • 7 Reasons Why Stocks No Longer Care About Political Shocks, And 2 Why They Should

    From Nicholas Colas of DataTrek Research Why do global equity markets ignore political shocks like Brexit, President Trump’s election or the news that Angela Merkel failed to form a government in Germany? There are plenty of good reasons, actually, which we review below. News that German Chancellor Angela Merkel failed to form a new government was the big shock of the day. It is unclear if the country will have a minority coalition or call fresh snap elections. The New York Times quoted a Der...

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  • JPMorgan Capitulates, May Help Clients Trade Bitcoin Futures (For A Fee)

    On September 12, Jamie Dimon caused a stir (and selloff) within the cryptocurrency community when he lashed out at bitcoin, calling it a "fraud" which is "worse than tulip bulbs, predicting "it won't end well", will "blow up" and "someone is going to get killed." Oh, and just to make it clear, "any JPM trader caught trading bitcoin" would be "fired for being stupid." After briefly plunging, since then the price of Bitcoin has doubled, and earlier today, Bloomberg quoted money manager David Kotok...

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  • China clamps down on micro-loan market; U.S.-listed shares plunge

    BEIJING (Reuters) - China's financial regulators on Tuesday took steps to clamp down on the fast-growing market for web-based micro-lenders, a credit sector Beijing has grown increasing worried about, sending shares of U.S.-listed shares of Chinese financial firms into a tailspin.

    www.reuters.com
  • China clamps down on micro-loan market; U.S.-listed shares plunge

    BEIJING (Reuters) - China's financial regulators on Tuesday took steps to clamp down on the fast-growing market for web-based micro-lenders, a credit sector Beijing has grown increasing worried about, sending shares of U.S.-listed shares of Chinese financial firms into a tailspin.

    in.reuters.com
  • U.S. appeals court revives claims in $1.7 billion Iran terrorism lawsuit

    NEW YORK (Reuters) - A federal appeals court in New York on Tuesday revived part of a $1.68 billion lawsuit against Iran's central bank, Bank Markazi, by families of soldiers killed in the 1983 bombing of the U.S. Marine Corps barracks in Lebanon.

    www.reuters.com
  • China suspends approval of new internet micro loan firms: sources

    BEIJING (Reuters) - A top-level Chinese government body issued an urgent notice on Tuesday to provincial governments urging them to suspend regulatory approval for the setting up of new internet micro loan companies, sources who had seen the notice told Reuters.

    www.reuters.com
  • China suspends approval of new internet micro loan firms: sources

    BEIJING (Reuters) - A top-level Chinese government body issued an urgent notice on Tuesday to provincial governments urging them to suspend regulatory approval for the setting up of new internet micro loan companies, sources who had seen the notice told Reuters.

    in.reuters.com
  • Why Cryptos Will Not Replace Gold As A Store Of Value

    Why Cryptos Will Not Replace Gold As A Store Of Value - Gold versus Bitcoin: The pro-gold argument takes shape- Why cryptocurrencies will not replace gold as a store of value- Similarities between crypto and gold but that does not make them substitutes- Gold remains a highly liquid market, cryptocurrencies continue to be fragmented and difficult to spend- Bitcoin  does not make it an effective hedge against stocks- Gold coins and bars cannot be hacked and vaults are insured This weekend saw...

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